Which of the Functions That Wholesalers Perform Involves Taking Title

question 143

Multiple Choice

Which of the functions that wholesalers perform involves taking title and bearing the cost of theft, damage, spoilage, and obsolescence?

• A) warehousing
• B) risk bearing
• C) bulk breaking
• D) financing
• E) buying and assortment building

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Definitions:

Nonemployee Agents

Individuals or entities that act on behalf of a company but are not classified as employees, often for specific tasks or functions.

Corporate Officers

High-ranking executives appointed to manage an organization or corporation, such as CEOs, CFOs, and COOs, responsible for its day-to-day operations.

Employees

Individuals who are hired by a business or organization to perform work in exchange for compensation.

Duty to Reimburse

The obligation to pay back or compensate another party for expenses, losses, or damages incurred on one's behalf.